ING Vysya Bank, in a bid to lure investors and expand deposit base, has unveiled ‘ING FD+’. ING FD+ is a fixed deposit scheme, offering an interest rate of up to 9.5% per annum for one-year deposits. The customers can available for deposits up to Rs 15 lakh under the scheme and can do a partial withdrawal of the deposit in units of Re 1.
Besides, the saving account can be linked to the FD which will enable customers to activate automatic transfer of funds, as required. In order to access their fixed deposit in case of a shortfall in their savings account, customers can withdraw cash from an ATM or write cheques.
ING Vysya Bank is one the leading banks in India. In the year 1985, it became the largest private sector bank. In 2002, Dutch banking giant ING took over the management of the bank and the name was changed to ING Vysya Bank. Today it has its presence in over 5 countries, employing over 120,000 people and serving 75 million customers across the globe.
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